Depreciation and routine compliance expenses disallowance did not prove inaccurate particulars or misreporting; penalty sustained only on foreign trav...
Court directs petitioner to submit composite reply to show cause notice within two weeks. Respondents to provide opportunity of hearing to petitioner and pass reasoned order within six weeks of receiving reply. Order to be communicated to petitioner within two weeks thereafter. Court refrains from examining merits, petitioner free to raise points before respondents. Petition disposed.
Court directs petitioner to submit composite reply to show cause notice within two weeks. Respondents to provide opportunity of hearing to petitioner and pass reasoned order within six weeks of receiving reply. Order to be communicated to petitioner within two weeks thereafter. Court refrains from examining merits, petitioner free to raise points before respondents. Petition disposed.
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